A consortium including Glasgow City Council’s pension fund is to bid for Glasgow airport, according to the Herald.
The news comes days after reports that the Spanish owner of Heathrow, Ferrovial, had made an offer.
The Madrid-based conglomerate is reported to have lodged an £800 million takeover bid for Glasgow, Aberdeen and Southampton airports.
Reports today suggest that a consortium led by Partners Group, a Swiss-based private equity company, is bidding for the airport, in partnership with Strathclyde Pension Fund and Zurich airport.
Partners Group is a global private markets investment management firm with more than €30 billion in investment programmes under management in private equity, private debt, private real estate and private infrastructure.
Strathclyde Pension Fund has assets of £13.5 billion, making it the wealthiest council pension fund in the UK. The fund has around 200,000 members including present and former council staff and a number of private companies such as bus giant First.
The Herald’s sources say the consortium sees the airport as a good investment.